BBQ Holdings Acquires Barrio Queen

MTY Food Group Acquires BBQ Holdings for $17.25 per Share

September 28, 2022

Restaurants & Hospitality

MTY Food Group Inc. completed the acquisition of BBQ Holdings, Inc. through a merger, with each outstanding BBQ Holdings share converted into the right to receive US$17.25 in cash. As a result, BBQ Holdings became an indirect wholly-owned subsidiary of MTY and its common stock ceased trading on Nasdaq; the BBQ support center will continue to operate in Minnetonka, Minnesota.

FAT Brands Acquires Smokey Bones Bar & Fire Grill

September 25, 2023

Restaurants & Hospitality

FAT Brands Inc. has acquired the Smokey Bones Bar & Fire Grill restaurant chain from an affiliate of Sun Capital Partners for $30 million. The purchase adds 61 corporate Smokey Bones locations across 16 states, is expected to increase adjusted EBITDA by about $10 million, and expands FAT Brands' polished dining portfolio.

Foodtastic Acquires Quesada Burritos & Tacos

December 2, 2022

Restaurants & Hospitality

Foodtastic Inc. has entered into an agreement to acquire Quesada Burritos & Tacos, a fast-growing Canadian quick-service restaurant brand. The acquisition adds Quesada's +175 restaurants to Foodtastic's portfolio and Foodtastic plans to open about 50 new Quesada locations over the next 36 months.

Butterfly Equity Acquires QDOBA and Merges It into Modern Restaurant Concepts

August 9, 2022

Restaurants & Hospitality

Butterfly Equity agreed to acquire QDOBA from funds managed by Apollo and merge the brand into Modern Restaurant Concepts (which includes Modern Market Eatery and Lemonade), creating a leading fast-casual restaurant platform of roughly 800 units. King Street Capital Management is investing alongside Butterfly; the transaction aims to accelerate franchising, system growth and catering expansion across the combined platform. Terms were not disclosed.

Sabrosura Foods Acquires Pancho's Mexican Foods

November 16, 2021

Food & Beverage

Sabrosura Foods, a Bloomington, Minnesota-based marketer of Hispanic food brands and a portfolio company of Centre Partners, has acquired Pancho's Mexican Foods, the Memphis-origin refrigerated queso dip brand founded in 1956. The add-on expands Sabrosura's snacking and Hispanic cheese portfolio and aims to broaden Pancho's nationwide distribution across mass, club and grocery channels; terms were not disclosed.

American Outdoor Brands Acquires Grilla Grills

March 10, 2022

Consumer Products

American Outdoor Brands, a publicly traded outdoor-products company, agreed to acquire privately owned Grilla Grills for $27 million in cash (approximately $24 million after tax benefit). The acquisition gives American Outdoor Brands a direct-to-consumer barbecue brand and entry into the U.S. barbecue grill market to expand its outdoor lifestyle product category.